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innovation DAILY

Here we highlight selected innovation related articles from around the world on a daily basis.  These articles related to innovation and funding for innovative companies, and best practices for innovation based economic development.

Silicon Valley Remains World Innovation Center Amid Venture Capital Industry Meltdown By Jean-Baptiste Su

Regardless of the recession, the high cost of living, heavy traffic and the unemployment, Silicon Valley will remain the world’s center of innovation.

A self-serving prediction made during a panel made of executives from Adobe and Cisco and venture capitalists at Institutional Venture Partners and Trinity Ventures at the AlwaysOn Summit in Stanford today.

Is Recession the Mother of Innovation? by Shammad Basheer

"Necessity may be the mother of invention. But could a recession be the mother of innovation? After all, many of the world's enduring, multibillion-dollar corporations, from Disney (DIS) to Microsoft (MSFT), were founded during economic downturns. Generally speaking, operating costs tend to be cheaper in a recession. Talent is easier to find because of widespread layoffs. And competition is usually less fierce because, frankly, many players are taken out of the game."

Interview with Brett Palmer, President of NASBIC

The National Association of Small Business Investment Companies (NASABIC) is the professional association for the SBIC community and the lower and middle markets of the private equity industry and the oldest organization of venture capitalists in the world. For half a century, NASBIC has played a key role in building a strong and profitable SBIC industry to better serve the growth-capital needs of America's small businesses. Today, we are pleased to be joined by Brett Palmer, President of NASBIC.

Venture capital gets back in the cleantech game

DENVER — Venture capitalists increased investments in alternative energy by 73 percent over the past three months, according to a report issued Wednesday, an indication that the horrible market conditions from earlier this year may have abated.

Investors are also be growing more confident because the government is making good on promises to try to shift the national energy policy more toward wind, solar and other renewable technologies.

Venture capital investment totaled $572 million in the second quarter, according to Ernst & Young LLP.

How Should Government Spur Small-Business Innovation? by Robb Mendelbaum

With health care reform and economic recovery sucking up so much of what little oxygen circulates in Washington, you’ll have to forgive The Agenda for only now turning to the Small Business Innovation Research program, which is set to expire on July 31 unless Congress acts to reauthorize it.

Last week, the Senate did its part, but its version of S.B.I.R. reauthorization is much different from the one the House passed on July 8. Now Congress faces the difficult task of reconciling two visions of how the government should harness the power of small firms to innovate, and the competing interests are choosing sides. The bills pit companies with venture funding against those without it — and research institutions against them both.

Administration Committed to Innovation by Alexandra Cheney

Amid tumbling banks and bankrupt companies, small businesses may have cause for celebration. The Senate reauthorized the Small Business Administration's Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs last Wednesday. In the House, Congressman David Wu (D-OR) shepherded the bill through, with a resounding 386-41 vote.

The bill will now head to the conference committee, where differences between the House and Senate bills will get ironed out, says Edsel Brown, assistant director for the Office of Technology at SBA. Congress has until the July 31to conference the bill. If the revision passes, this legislation will reauthorize the programs for eight years as well as add some much necessary fixes. One major adjustment includes allowing small businesses backed by venture capitalists to participate in the programs.

Wuxi iPark Selects IBM to Build Innovation Incubation Platform

WUXI, China, July 29 /PRNewswire-FirstCall/ -- IBM and Wuxi Software Industry Development Co., Ltd. (Wuxi iPark) today announced the launch of a new, smarter-IT infrastructure service offering to help Independent Software Vendors (ISVs) in China dramatically reduce the cost and time required to develop business software applications. The new cloud computing service offering is also designed to help ISVs reach new markets by providing them with the ability to sell their software solutions as Web-hosted services to customers around the world.

Typical Company Founders Are Married with Children and Well-Educated; Strive to Rise Above their Lower-, Middle-Class Heritage

(KANSAS CITY, Mo.) July 8, 2009 — Although entrepreneurs provide the majority of jobs in the United States, little is known about what makes them tick. The Anatomy of an Entrepreneur, a newly released study from the Ewing Marion Kauffman Foundation, fills in some gaps by providing insights into high-growth founders' motivations and their socio-economic, educational and familial backgrounds. The findings: Most founders came from middle-class or upper-lower-class backgrounds, are well-educated and married with children.